$1,525,000
1533 N Alma School Road
Mesa, AZ 85201
MLS# 5503273
Status: Closed



1533 N Alma School Road, Mesa, AZ 85201
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Property Description
Alma School Plaza Self Storage facility consisting of 26,070 sq ft, built in 1986 with retail frontage. Just one block south of the North 202 Red Mountain freeway. This property consists of a secured/gated retail, office & mini storage facility with 64 units and 2 open RV spaces with electric gate. Consistently 95% full. 2 story office building with manager's residence. The property also includes a retail strip center with 6 single story retail/office spaces highly visible from Alma School Rd. Recently updated complex including pole signage, paved parking lot, security, interior & exterior paint. High traffic intersection with 27,600 cars per day. Located on a 58,632sf/1.35 acres corner lot. Seller has spent over $100,000 and numerous hours renovating the facility.

Details
Maps
Contract Info
Current Price: $1,525,000
Sold Price: $1,525,000
Status: Closed
List Date: 2016-09-28
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: Q38
House Number: 1533
Compass: N
Street Name: Alma School
St Suffix: Road
City/Town Code: Mesa
State/Province: AZ
Zip Code: 85201
Country: USA
County Code: Maricopa
Subdivision: Alma School Storage Plaza
Assessor's Map #: 67
Assessor's Parcel #: 300
Assessor Parcel Ltr: E
Add'l Parcels: No
Assessor Number: 135-67-300-E
Legal: BEG 40F E & 52F S FR NW COR NW4 SW4 TH S 335F E 2 19.41F N 45D 00M E 21.21F N 144F N 12D 48M W 112. 81F N 118F W 245.29F
Tax Municipality: Mesa
Taxes: 21409
Tax Year: 2014
Marketing Name: Alma School Plaza
General Property Description
Type of Property: Self storage, Retail, Office
Ttl Apx SqFt Bldg: 26070
Ttl Apx Net Rnt Spc: 26070
# of Buildings: 6
Lot Size Dimensions: Irr
Year Built: 1986
Volts/Amps: 120/208Y
Uncvrd Parking Spcs: 18
Zoning: C-2
Remarks & Misc
Cross Street: Alma School & N 202
Directions: South on Alma School from the N 202; At the SE corner of Alma School and Mclellan Rd.
Geo Lat: 33.443531
Geo Lon: -111.85575
Status Change Info
Status Change Date: 2019-05-01
Off Market Date: 2019-02-12
Under Contract Date: 2019-02-12
Close of Escrow Date: 2019-04-30
Sold Price: $1,525,000
Legal Info
Township: 1N
Range: 5E
Section: 9
Lot Number: N/A
Income & Expenses
Annual Elec Exp: 7289
Annual Ins Exp: 2007
Annual Legal & Acctg: 3615
Annual Maint Exp: 5000
Annual Mgmt Exp: 12276
Owner Association: No
Annual Other Expense: 31889
Operating Exp: 83485
Gross Annual Sch Inc: 163600
Vacancy Allowance: 0.05
Adjusted Gross Inc: 155420
Net Operating Income: 101524
Pmt & Rate Info
Cap Rate: 6.45
Equity: 1575000
Contact Info
List Agent Pager: 480-703-5093
Sold Info
Loan Type: Exchange
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Commercial; Office; Other (See Remarks)
Current Use: Mixed Use; Mini-Storage; Office; Retail
Stories: 1 Story
Construction: Block
Roofing: Foam
Floors: Concrete; Carpet; Other
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Heat Pump
Cooling: Heat Pump
Loading Facilities: Grade Level
Interior: Fire Sprinklers; Security System
Exterior: Corner Lot; Sprinkler Sys-Ground; Landscaping; Roof Sign; Pole Sign; Building Sign; Security Camera(s)
Fencing: Block
Parking: Free; Private Parking
Electric: SRP; Individual Meter
Gas: None
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: Up to 1 Mile
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt
Traffic Count: 25,001 to 35,000
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Supplements
Close to shopping, new development of 80 homes and 2 large office complexes.

Listing Office: Keller Williams Integrity First

Last Updated: May - 01 - 2019

1533 N Alma School Road, Mesa, AZ 85201 - MLS# 5503273
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